Trent Q4 Results: Tata group retail firm announces earning details for Q4FY22 - Check key details

Trent Ltd, a Tata group retail company, announced on Wednesday that it has reported a consolidated net loss of Rs 20.87 crore for the fourth quarter ended March 2022, as per PTI report.

Trent said in a BSE filing that the company had a net profit of Rs 17.44 crore in the January-March quarter last year.

During the quarter under review, revenue from operations was Rs 1,328.86 crore, up 46.74 percent from Rs 905.55 crore in the previous fiscal quarter, said PTI.

The company's total expenses in Q4/FY 2021-22 were Rs 1,364.64 crore, the report added.

"The business was impacted in January and February 2022 by the third wave of the pandemic. Nevertheless, consumer sentiment recovered strongly thereafter. During March, our fashion concepts registered growth compared to pre-pandemic levels," said Trent in the earning statement.

According to PTI, Trent's declared a net profit of Rs 34.60 crore for the fiscal year 2021-22. Its operating revenue for the fiscal year was Rs 4,498.02 crore, up from Rs 2,592.96 crore in 2020-21.

Commenting on the performance, Trent Chairman Noel N Tata said: "Our fashion concepts displayed resilience to pandemic related challenges in FY22. Our continued emphasis on network growth during the preceding two years is starting to yield results as the pandemic impacts fade."

He added that Westside now has an annual revenue run-rate of over Rs 5,000 crore and has a strong market presence and traction.

"Our Star food business with tight footprint stores, sharp pricing and focus on fresh & own brands is a model that is continuing to witness resilient customer traction. The performance of Star stores operating under this model is encouraging and we are evolving our property portfolio to align with this proposition," he added.

Trent Ltd's shares closed at Rs 1,226.35 on the BSE on Wednesday, down 4.31 percent from the previous close.

(With PTI inputs)